Business Context and Reporting Period
Company: Advanced Drainage Systems, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 29, 2018
Reporting Period: Fourth quarter and fiscal year ended March 31, 2018.
Key Financial Metrics
This filing serves as a notification of the release of unaudited financial results. The specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not contained within the text of this Form 8-K; they are referenced in the attached press release (Exhibit 99.1) and presentation slides (Exhibit 99.2).
Material Changes and Events
- Earnings Release: The Company issued a press release on May 29, 2018, detailing unaudited results for the fourth quarter and fiscal year ended March 31, 2018.
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.08 per share.
- Dividend Dates:
- Record Date: June 5, 2018
- Payment Date: June 15, 2018
Guidance, Outlook, and Management Commentary
Management, including President and CEO Scott Barbour and CFO Scott Cottrill, hosted a conference call and webcast on May 29, 2018, to discuss the unaudited results. Presentation slides forming the basis of this discussion were furnished as Exhibit 99.2. This filing does not contain specific forward-looking guidance or risk factors within its text, referring instead to the external exhibits.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings per share, and margin figures for the quarter and fiscal year ended March 31, 2018.
- Verify the dividend payment schedule: $0.08 per share payable June 15, 2018, to shareholders of record as of June 5, 2018.
- Access the archived webcast or review Exhibit 99.2 (Presentation Slides) for management's commentary on operational performance and future outlook.
- Note that the information in this 8-K is not deemed "filed" for Section 18 liability purposes under the Exchange Act.